Borrower had received an approval from another lender, The day of settlement the Lender withdraw the facility. The client’s Broker quickly rang their BDM at Kalx Capital and received a same day approval.

Loan documents where urgently instructed whilst valuations were completed. The Borrower was issued with a “Notice to complete within 14 days” in the interim. The facility settled just 5 days after the original settlement date and well inside the 14 days required by the “Notice to Complete”